Brokerages forecast that World Acceptance Corporation (NASDAQ:WRLD) will post $1.76 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for World Acceptance Corporation’s earnings, with estimates ranging from $1.56 to $1.96. World Acceptance Corporation also reported earnings of $1.76 per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that World Acceptance Corporation will report full year earnings of $7.33 per share for the current financial year, with EPS estimates ranging from $6.55 to $8.10. For the next year, analysts expect that the company will report earnings of $7.71 per share, with EPS estimates ranging from $6.65 to $8.76. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow World Acceptance Corporation.

World Acceptance Corporation (NASDAQ:WRLD) last posted its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.02 by ($0.54). The business had revenue of $128.90 million during the quarter, compared to analyst estimates of $125.74 million. World Acceptance Corporation had a net margin of 13.13% and a return on equity of 15.75%. During the same quarter last year, the firm earned $1.89 earnings per share.

WRLD has been the subject of several recent analyst reports. ValuEngine raised World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BMO Capital Markets reaffirmed a “sell” rating and set a $62.00 price target on shares of World Acceptance Corporation in a report on Friday, June 16th. Zacks Investment Research downgraded World Acceptance Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, BidaskClub downgraded World Acceptance Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.50.

World Acceptance Corporation (WRLD) traded up 0.22% during mid-day trading on Friday, reaching $78.98. 144,515 shares of the company’s stock were exchanged. World Acceptance Corporation has a 52-week low of $42.01 and a 52-week high of $88.26. The company has a market cap of $687.52 million, a PE ratio of 9.91 and a beta of 2.34. The stock has a 50-day moving average price of $76.19 and a 200 day moving average price of $68.45.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of World Acceptance Corporation by 5.7% during the first quarter. Vanguard Group Inc. now owns 1,078,168 shares of the credit services provider’s stock worth $55,827,000 after buying an additional 58,557 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of World Acceptance Corporation by 28.9% during the second quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock worth $39,075,000 after buying an additional 116,986 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of World Acceptance Corporation during the second quarter worth $265,000. State Street Corp lifted its holdings in shares of World Acceptance Corporation by 1.9% during the second quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock worth $11,968,000 after buying an additional 2,979 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of World Acceptance Corporation by 0.3% during the second quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock worth $10,968,000 after buying an additional 498 shares in the last quarter. 91.93% of the stock is owned by institutional investors and hedge funds.

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World Acceptance Corporation Company Profile

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

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Earnings History and Estimates for World Acceptance Corporation (NASDAQ:WRLD)

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